Memphis vs Rapid City

Category-by-Category Breakdown

Index values · National average = 100 · Lower is more affordable

Salary Equivalence

A $75,000 salary in Memphis has the same purchasing power as $87,500 in Rapid City.

Conversely, $75,000 in Rapid City equals $64,286 in Memphis.

Living in Memphis vs Rapid City

Housing Costs

Memphis's housing index of 63 is lower Rapid City's 91, translating to median home prices of $155,000 vs $325,000. The $170,000 difference in home prices means roughly $11,052 per year in additional mortgage costs at current rates. Renters face a similar gap: $1,000/mo in Memphis compared to $1,100/mo in Rapid City, a monthly difference of $100.

Grocery & Food Costs

Grocery expenses index at 93 in Memphis and 102 in Rapid City. A household spending the national average of $475/month on groceries would pay approximately $442/month in Memphis vs $485/month in Rapid City. Memphis offers a meaningful advantage on everyday food costs, saving roughly $516/year.

Utility Expenses

Utility costs — electricity, gas, water, internet — index at 88 in Memphis and 87 in Rapid City. Monthly utility bills average approximately $352 in Memphis vs $348 in Rapid City. Utility costs are relatively comparable between these two cities.

Healthcare

Healthcare costs index at 92 in Memphis and 107 in Rapid City. This encompasses insurance premiums, doctor visit copays, dental care, and prescription costs. The 15-point gap reflects real differences in provider costs, insurance market competition, and regional healthcare infrastructure.

Income & Purchasing Power

Median household income is $41,228 in Memphis and $70,900 in Rapid City. After adjusting for local costs, purchasing-power-equivalent incomes are approximately $49,081 and $72,347 respectively. Rapid City residents come out ahead in real purchasing power.

Relocation Considerations

Under the standard 28% rule, a median-income household can allocate $962/month to housing in Memphis vs $1,654/month in Rapid City. In Memphis, median rent of $1,000/mo exceeds this threshold, suggesting renters may feel stretched. In Rapid City, median rent of $1,100/mo remains manageable. The biggest category-level difference between these two cities is Housing, where the gap is 28 index points — focus your budget analysis there.

Frequently Asked Questions

Moving & Relocation Resources

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